Certain Additional Information. This Section 12 sets forth certain information referred to in Section 3 of this Agreement. Earnings Per Share As Adjusted Vesting Schedule FY 2019 EPS As Adjusted 3/4/18 – 3/2/19 Vesting Percentage of Target Performance-Based Shares Earned ≥ Target 1/3 X 100% = 33% of total Target Performance-Based Shares Earnings Per Share As Adjusted Vesting Schedule FY 2020 EPS As Adjusted 3/3/19 – 2/29/20 Vesting Percentage of Target Performance-Based Shares Earned* ≥ Threshold but < Target 1/3 X 75% = 25% of total Target Performance-Based Shares ≥ Target < Maximum 1/3 X 100% = 33% of total Target Performance-Based Shares ≥ Maximum 1/3 X 250% = 83% of total Target Performance-Based Shares Earnings Per Share As Adjusted Vesting Schedule FY 2021 EPS As Adjusted 3/1/20 – 2/27/21 Vesting Percentage of Target Performance-Based Shares Earned* ≥ Threshold but < Target 1/3 X 75% = 25% of total Target Performance-Based Shares ≥ Target but < Maximum 1/3 X 100% = 34% of total Target Performance-Based Shares ≥ Maximum 1/3 X 250% = 83% of total Target Performance-Based Shares *Vesting of shares between the threshold and maximum EPS as adjusted targets in fiscal year 2020 and fiscal year 2021 shall be interpolated.
Appears in 2 contracts
Sources: Restricted Stock Award Agreement (Pier 1 Imports Inc/De), Restricted Stock Award Agreement (Pier 1 Imports Inc/De)